Full text: The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

The destruction of this industry was so complete, that even after 5 years 
since the conclusion of peace, all the wells have not been able to be put into 
working order, and only just this year, the pre-war production has been arri 
ved at, by heavy sacrifices, as Roumania has not yet received any thing for 
these losses. 
Besides this, Roumania suffered also other damages, on account,of the 
interest the allies hal to prevent, by all possible means the enemy from getting 
supplies. 
These damages besides those provoked by actual war operations, consisted 
in destruction of bridges, technical works, stations, railways, buildings, depo 
sits, and factories which were unmounted, and destroyed by order, even in 
localities which were outside the fighting zone. 
We will quote for instance the destruction of a part of the bridges across the 
Danube at Cerna-Voda, 2 ) the unmounting and the destruction of factories in 
Rraila and Galatz, the destruction of agricultural plant in Muntenia and Oltenia, 
Several times in the carrying out of these orders, excesses were committed, 
the Russian armies destroying more than was absolutely necessary. 
The value of these damages and destructions stands out still more cons 
picuously if we consider that two thirds of the territory of Roumania was in 
vaded by fighting, and that the whole country and more especially Dobrogea 
was defended inch by inch by battles spreading ruin all around. 
In these circumstances the damages caused by the war spread over the 
whole area of the country, for a front of battle was not localized, till the whole 
terri lorry occupied by the enemy, was completely destroyed by retreating battles. 
The invaded territory remained 2 years a prey to the most ruthless specu 
lation of the enemy, who got its supplies from here, by the most abusive and 
unfair means, till it had completely exhausted every thing. 
One of the means of despoiling the population of the invaded territories 
was the issue of nBanca Generala" notes, by the hostile administration, by 
which under the false appearance of a real payment, goods to a value of 
3 ) 2.173.000.000 lei notes issued, were carried out of the country. 
vices to the Entente, bU has din inished in a considerable meastre, the supply of our arnry and of the country 
in oil. The lack of oil, of which Germany suffered, must be partly traced to this fact. The military administration 
invited into the country, men web up m the peholeum incusti y m Roumania, and began actively to fulfil its 
second very important task, which consisted in reestablishing the oil production en the one hand by puttling 
right the wells that had been fil ed up, ai d on the other hand by operating new drillings, and restoring the refi 
neries so as to enable us to take up the work. The oil production rose, but slowly. 
i) Roumanian oil pioduclion from 1912 till today bar been in Ions as follows: 
1913 1.885.225 1921 1.165.765 
1917 517.494 1922 1.327.915 
1919 920.437 1923 1.571.302 
1920 1.168.914 1924 1.860.471 
The bridge across the Danube at Cerna-Voda was destroyed at the express request of Gereral Ber- 
thelot, made in the name of the afiies (Annex 11) 
3 ) The sum of 21 73 milieus, represents, according to the registers w hich were found, the value of the 
notes put into circulation by the armies of occupation. Out of this issue only 1453 millions were changed, the rest 
representing the notes which were held by the Roumanian population who did not change them in time, or by 
the notes taken by the the armies of occupation when they retreated.
	        
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